There is ongoing correction on USD/CAD (H1) currency pair. Rate reached broad support zone, which came from latest high. We are also approaching the decreasing channel lower limit. It is worth to observe quite strong impulse of current slippages.
Currently, the before mentioned impulse is trying to stop for a little bit. Situation is really similar to the previous rebound from the upper limit, when after strong impulse the price was slowly slipping to the lower bound. It is possible, that currently we have the same situation.
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